White Clay, a company that helps community and regional financial institutions improve relationships and increase revenue, announced its partnership with Axiom Bank, N.A.

On Thursday, March 9, 2023, tens of thousands of companies that had all of their assets in Silicon Valley Bank (SVB) accounts went into a state of panic. Cash they depended on to make payroll and pay critical bills disappeared, as the 16th largest bank in the United States by assets defaulted.

Merkeleon, a leading B2B crypto software company, today announces the results of its long-term partnership with Sumsub, an all-in-one verification platform, and what’s in store for the future.

Xapo Bank, a leading Bitcoin custodian and licensed private bank, today announced that it has integrated with the Faster Payment System (FPS) to offer 24/7 - 365 zero-fee fund settlement in the United Kingdom and overseas territories.

Stripe, which builds economic infrastructure for the internet, has signed agreements for a Series I fundraise of more than $6.5 billion (€6.15 billion) at a $50B (€47B) valuation. Primary investors include existing Stripe shareholders—Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital—as well as new investors including GIC, Goldman Sachs Asset and Wealth Management, and Temasek.

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, today announces its appointment by NewVest’s inaugural Private Equity 50 Index Fund (“PE 50”).

Ecospend, the leading payments platform in the UK, recently acquired by Trustly, outlines the potential of Open Banking payments to close the VAT tax gap which stands at £10 billion, or 6.9% of the VAT receipts received by the government, for the financial year 2021-22.

Torstone Technology, a leading SaaS platform for post-trade securities and derivatives processing, today announces that Sam Farrell has joined the firm as Head of North America. Based in Toronto, Sam will have oversight of all the US and Canadian operations for Torstone. Sam will continue to expand Torstone’s footprint in North America, further establishing the business as a key provider within the US and Canadian markets.

Adyen, the global financial technology platform of choice for leading businesses, announces that it has further advanced its digital authentication solution, with ongoing pilots realizing a conversion uplift of up to 7%. Engineered to optimize authorization and therefore end revenue, the company’s expanded capabilities include Delegated Authentication, Data-Only, and Trusted Beneficiaries functionalities.

Surecomp® today announced that it is partnering with Contour, one of the global digital trade finance networks, as part of a collaborative vision to drive the digital transformation of trade finance across financial institutions.  
 
Surecomp has over 35 years of expertise digitising trade finance processes and its integration with Contour’s decentralised network of banks and corporates will provide users with a fully integrated end-to-end trade service solution.